General Motors' Chevrolet brand and Ford Motor were among the biggest losers as the collapse in car sales in the Russia failed to find a bottom in May. Volume plunged 58 percent last month to 280,900, compared with May 2008.
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State-controlled Sberbank is expected to pay EUR65m for bankrupt General Motors' plant in St Petersburg, a source at the bank told Prime-Tass.
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General Motors has stopped production at its plant in St Petersburg, Russia until the end of the month as it tools up for the new Chevrolet Cruze.
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The Chinese heavy machinery maker that agreed to buy General Motors' Hummer brand may find the biggest roadblocks to the deal in its home country.
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General Motors' pared-down vehicle lineup will help bolster resources for surviving vehicles and allow future cars to be developed faster, said Tom Stephens, 60, GM's new product chief.
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General Motors expanded its significant battery research and development capabilities today by opening the largest and most technologically advanced battery lab in the United States on its Technical Center campus here.
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The Chinese heavy machinery maker that agreed to buy General Motors' Hummer brand may find the biggest roadblocks to the deal in its home country.
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General Motors' board of directors is set for an overhaul at the hands of the U.S. government, but some observers are questioning whether potentially complex allegiances could hobble the new board and stand in the way of the automaker's recovery.
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General Motors' board of directors is set for an overhaul at the hands of the U.S. government, but some observers are questioning whether potentially complex allegiances could hobble the new board and stand in the way of the automaker's recovery.
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General Motors' board of directors is set for an overhaul at the hands of the U.S. government, but some observers are questioning whether potentially complex allegiances could hobble the new board and stand in the way of the automaker's recovery.
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To help curb growing anxiety over General Motors' new "participation agreement" for dealers, GM's sales chief says he will send a "letter of clarification" to dealers early next week.
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To help curb growing anxiety over General Motors' new "participation agreement" for dealers, GM's sales chief says he will send a "letter of clarification" to dealers early next week.
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Standard and Poor's is monitoring Magna International Inc.'s bid for a stake in General Motors' Opel European brand to see whether the purchase drains Magna's liquidity, SandP ratings analyst Greg Pau said today.
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Publicis Groupe says its maximum financial exposure to its client General Motors' bankruptcy filing is $78 million.
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General Motors Corp will play a major hand in the financing needed for Platinum Equity to take control of Delphi Corp, a press report has said.
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Entrepreneur Roger Penske's Penske Automotive Group, the second-largest U.S. car retailer, is the winning bidder for General Motors' Saturn, Bloomberg News reported.
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IndyCar team owner and Detroit businessman Roger Penske has an agreement with General Motors to buy the Saturn brand, it was announced Friday.
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General Motors Asia-Pacific has moved swiftly to reassure its partners and customers on the viability of its operations in the region, despite its US parent company filing a Chapter 11 bankruptcy petition in the US and the subsequent sale of a majority stake in General Motors Europe.
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Despite the fact that General Motors sold more cars in the UK than anywhere else in Europe, Vauxhall workers remain fearful for their jobs as the US manufacturer closes in on the sale of its European business.
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